In the long run, increases in the money supply increase the economy's potential output level
a. True
b. False
Indicate whether the statement is true or false
False
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"The distribution of income should be determined by the government" is an example of a positive economic statement
Indicate whether the statement is true or false
It appears that many business firms discriminate against hiring young women of child bearing age in the United States and that this type of discrimination has been reduced in Europe
This may be an example of successful government intervention because A) many European governments have laws against this type of discrimination. B) many European governments subsidize maternity leave and child care, lowering the cost of hiring these women. C) Europeans are less likely to discriminate on the basis of gender. D) Europeans are more likely to discriminate on the basis of gender.
What is the term for giving up one choice for another opportunity?
a. choice cost b. opportunity cost c. direct cost d. implicit cost e. explicit cost
Demand-pull inflation could start with
What will be an ideal response?